virgin money logo

Velocity Frequent Flyer Rewards Program Credit Cards

Compare Velocity Frequent Flyer credit cards to earn more points as you spend and redeem your dream rewards sooner.

If you’re a loyal Virgin Australia customer, a Velocity Frequent Flyer credit card could help you pick up more perks and points. These credit cards offer Velocity Points for every $1 you spend on eligible purchases and many offering bonus points for spending with Virgin Australia. You can then redeem these Velocity Points for flights with Virgin Australia and its partners, book hotel stays and holiday packages, fill up your car with petrol or shop online via the Velocity eStore.

As there is a wide range of rewards credit cards in Australia that give you options for earning Velocity Rewards, it’s important that you compare your options to find the card that offers the most value for you. Use this guide to find out how Velocity Frequent Flyer credit cards work, how you can earn and redeem points and how to compare your options to choose the best* frequent flyer credit card for you.

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

Velocity Frequent Flyer Credit Card Offer

Take advantage of the bonus Velocity points offer and earn 0.66 Velocity Point per $1 spent on your everyday purchases. Gain exclusive access to reduced flight rates on domestic travel.

  • $64 p.a. annual fee for the first year ($129 p.a. thereafter) annual fee
  • 20.74% p.a. on purchases
  • 0% p.a. for 18 months on balance transfers
  • Cash Advance Rate of 20.99% p.a.
  • Up to 44 days interest free
  • Minimum Income Requirement of $35,000 p.a.

Velocity Rewards Credit Cards Comparison

Rates last updated October 28th, 2016
Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0.66 0 $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
NAB Velocity Rewards Card
NAB Velocity Rewards Card
15,000 bonus points 0.5 1 $95 p.a. Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
7,500 bonus points 0 1 $0 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0.66 0 $129 p.a. Go to site More info
American Express Velocity Platinum Card
American Express Velocity Platinum Card
50,000 bonus points 0 1 $349 p.a. Go to site More info
NAB Velocity Rewards Premium Card
NAB Velocity Rewards Premium Card
25,000 bonus points 0.5 1.5 $150 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
30,000 bonus points 1 0 $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
American Express Velocity Business Card
American Express Velocity Business Card
0 1 $249 p.a. Go to site More info

How do Velocity Frequent Flyer credit cards work?

When you use a Velocity Frequent Flyer credit card for eligible purchases, you earn Velocity points for every $1 spent. These points are then added to your Velocity account. Once you’ve earned enough Velocity Points, you can redeem them for a variety of rewards including flights and flight upgrades with Virgin Australia, accommodation and car rentals and a wide range of merchandise and gift cards.

How to earn Velocity Points with a Velocity Frequent Flyer credit cardyoungpersoncreditcard

When you apply for a Velocity Frequent Flyer credit card, you will be asked to provide your Velocity membership details. If you don’t already have Velocity Frequent Flyer membership, you can sign up for free during this process. Once the card is approved and activated, you will earn Velocity Points for your spending on the card.

The amount of points you’ll earn per $1 is referred to as the “earn rate” and varies between different cards and transaction types. For example, a card may offer up to 2 Velocity Points per $1 spent with Virgin Australia and 1 point per $1 on all other eligible purchases. While most everyday spending will be “eligible”, common exclusions are balance transfers, cash advances, special promotions, interest charges, government charges, insurance, loan payments, business transactions and gambling transactions.

You can earn Velocity Frequent Flyer Points with two main types of cards: direct earn and indirect earn credit cards.

  • Direct earn Velocity Frequent Flyer Credit Cards. These cards allow you to earn Velocity Points straight into your frequent flyer account when you use the card to make eligible purchases. Currently, Virgin Money, American Express and NAB are the only card issuers on the Australian market that offer direct earn Velocity Frequent Flyer credit cards.
  • Indirect earn Velocity Frequent Flyer Credit Cards. Rather than earning points straight into your Velocity account, these cards earn points for a credit card rewards program. You then have the option of transferring points to your Velocity account (or any of the other partnered frequent flyer programs). You can also redeem points for other rewards with the credit card rewards program. Currently, American Express, Commonwealth Bank, Westpac, ANZ, HSBC, St.George, Bank of Melbourne, BankSA, Citi, Suncorp Bank, Card Service and Bank of Queensland all allow you to transfer credit card rewards points to Velocity Points.

How to transfer your credit card rewards points to your Velocity account

It’s worth noting that some Velocity Frequent Flyer cards come with both a Visa or Mastercard and an American Express card. These dual or companion card accounts have different earn rates depending on whether the Visa/Mastercard option of the Amex option is used. Generally the Amex earns more points per $1, while the Visa or Mastercard has wider acceptance, allowing you to maximise your rewards based on these features.

Some Velocity Frequent Flyer credit cards also offer bonus points offers on sign up. To take advantage of a bonus points offer, you’ll usually be required to meet terms and conditions. For example, you might have to successfully apply for the card and then spend $3,000 on eligible purchases within the first 3 months to receive 50,000 bonus Velocity Points.

How to compare Velocity Frequent Flyer credit cards

If you’re deciding which card to apply for, including the following factors in your comparison can help you find an option that suits your needs.

  • Earn rate. You can consider the amount of points you’ll earn per $1 and how much you’re likely to spend on the card each year to determine how much value you will get from it. If the card meets your rewards goals and outweighs the cost of the annual fee cost, it could be a valuable option.
  • Bonus points. You might also be able to earn bonus points, say when you’re spending in a foreign currency overseas, making a purchase with Virgin Australia or spending with a partner. So make sure you know the different ways you can pick up extra points for everyday costs.
  • Annual fee. The value you get from the points you earn each year is offset by the annual fee you pay. Some cards may halve or waive the annual fee in the first year, but it’s important to consider the standard annual fee to determine if the value of the rewards will outweigh it.
  • Interest rates. If you regularly carry a balance, make sure you know what the standard interest rate is. There’s no point earning Velocity Points if the interest you’ll accrue exceeds the monetary value of your rewards.
  • Interest-free days. Most credit cards offer up to a certain number of days interest-free if you pay off your balance in full by the due date on your statement. This feature can help keep credit card costs to a minimum, but only if you fully repay the account each month.
  • Complimentary travel insurance. If you have an overseas trip coming up, a credit card with complimentary travel insurance can help you save on costs. This perk is available on some Velocity credit cards, particularly more premium platinum options. The insurance usually covers you and your family for any medical expenses for illness and injury, lost or stolen luggage, legal liability and more. However, there are eligibility requirements, limits and exceptions involved, so make sure to read the terms and conditions before you apply.
  • Exclusive flight offers. Some Velocity reward credit cards offer a complimentary domestic flight or flight voucher each year you have the card and meet the eligibility requirements. For example, the American Express Velocity Platinum offers a complimentary return domestic flight every year after your first card spend for that year. Similarly, the Virgin Flyer and High Flyer both offer a $129 Virgin Australia gift voucher every year when you make a retail purchase in the 2 months prior to requesting your voucher.
  • Flying perks. Some Velocity credit cards also offer other flying perks, such as complimentary single entry passes to the Virgin Australia lounge or discounts on business class companion fares when you fly internationally with Virgin Australia. If you make use of these benefits, they can help offset the costs of the card.

Mistakes to avoid with Velocity Frequent Flyer credit cards

Here are a few things that you must keep in mind while using a Velocity credit card:

  • Cash advances. These transactions, such as ATM cash withdrawals or foreign currency purchases, don’t earn points and will accrue a fee and high cash advance interest immediately.
  • Balance transfers. Balance transfers don’t earn frequent flyer points and if you need to concentrate on paying down an existing debt, you probably shouldn’t be using a rewards card that might tempt you to spend.
  • High annual fees. Most frequent flyer credit cards come with high annual fees. Remember to make sure that the value of the rewards you’ll earn will outweigh this cost.
  • Capped points. Some frequent flyer credit cards have a cap on how many points you can earn. So if you reach a certain amount of points, you might earn a reduced rate or not be able to earn any more points. Based on how much you plan to spend, make sure it doesn’t exceed the points cap or you could miss out on potential rewards value.
  • Avoid overspending. Make sure your frequent flyer card doesn’t tempt you to spend just for the sake of earning more points. Remember that you have to repay everything you spend and the rewards won’t be worth it if your balance starts collecting interest and you fall into debt.

How to maximise the number of points you can earn with a Velocity Frequent Flyer credit card

A Velocity Frequent Flyer credit card gives you the opportunity to earn Velocity Points for everyday purchases. There are also strategies you can use to increase the number of points you earn as you spend.virginplane

  • Shop with bonus points partners. Some credit cards will offer you bonus points when shopping with Virgin Australia and other partnered retailers. Make sure you know what bonuses are available to get more points for your money.
  • Velocity status tiers. The more you fly with Virgin Australia and it’s eligible partners, the more status credits you’ll earn. These credits help you ascend the Velocity Status tiers. The higher the tier, the more benefits you’ll get, including bonus points, advanced seat selection on flights, priority boarding, Virgin airport lounge entry and more. You’ll need 250 Status Credits to move from Red to Silver status, 500 for Gold and 1,000 for Platinum.
  • Pay for big ticket items on your card. If you have some major purchases to make, use your credit card for these to maximise the points you earn. Just make sure you can pay off the purchases before interest is charged, otherwise the value of the rewards could be offset by the interest you collect.
  • Take advantage of bonus points offers. Some credit cards come with bonus points offers on signup, meaning you can boost your Velocity Points balance early on. You’ll usually need to meet some terms and conditions, such as applying before a certain date and spending a particular amount of money in the first few months you have the card, so make sure you understand what you need to do to qualify.
  • Spend with Velocity partners. As a Velocity Program member, you can also earn points on a daily basis when you shop with the program’s partners, including BP service stations, Jetts Fitness, Virgin Mobile, Lumo energy and a wide range of retailers on the Velocity eStore. Use your Velocity credit card with these partners, and you’ll earn points twice: once through Velocity and once through your card.
Back to top

How many points can I earn with a Velocity Frequent Flyer credit card?

A simple way to determine which Velocity credit card will suit your lifestyle is to calculate how many points you’ll earn each month based on your regular monthly card spending. You can use the table below for some examples of how to estimate the points you’ll earn each statement period.

American Express Velocity Platinum CardVirgin Australia Velocity High Flyer CardNAB Velocity Rewards Card
Annual Fee$349 p.a. $144 for the first year and $289 thereafter.$95 p.a.
Points per $1 spent in Australia11.25Up to 1
Groceries – $500500625500
Fuel – $200200250200
Utilities – $150150187.5150
Phone – $100100125100
Entertainment – $450450562.5450
Virgin Australia – $3501,050 (purchases with Virgin Australian earn up to 3 Velocity Points)437.5350
Miscellaneous – $100100125100
Total Velocity Points earned per month2,5502,312.51,850

As you can see, the number of points you’ll earn largely depends on the earn rate of the card and how much you spend each month on eligible purchases. The more you spend and the higher the earn rate, the more Velocity Points you’ll earn with your Velocity Frequent Flyer credit card. When making these calculations, you should factor in whether you can afford to pay off the balance before the statement period ends (to avoid collecting interest) and whether the value of the rewards will outweigh the yearly costs of the card.

Perks for families with a Velocity Frequent Flyer Credit Card

As a member of the Velocity program, you will also be able to take advantage of the numerous family benefits that Virgin Airlines has added to its frequent flyer program.familyplane

  • Additional cardholders. Velocity Frequent Flyer credit cards often allow you to include an additional cardholder on the account. This means your partner or other eligible family member would get their own card linked to the account to help maximise rewards. Note that you would still be responsible for all spending on the credit card account.
  • Parental leave. If you are a Silver, Gold or Platinum Velocity member expecting a new baby, you can pause your membership for up to six months. You can then restart it without losing your membership status.
  • Transferring points. If any of your relatives are enrolled in the Velocity program, you can transfer your points between members to help redeem points faster. See our guide on how to transfer your Velocity Points between family members for more information.
  • Lounge access. If you have a higher tier Velocity Frequent Flyer credit card, you’ll receive VIP airport lounge access for you and a guest. Gold and Platinum Velocity Frequent Flyers can bring additional guests and up to 2 children under 12 years old to the lounge, which could mean you and your family could wait for your flight in style before your next trip.
  • Perks for Gold and Platinum members. If you’re higher up the Velocity status tiers, you can take advantage of guaranteed Rewards Seats each year for family holidays. Gold members can redeem points for up to four return Rewards Seats for their family for any holiday destination in Australia. Platinum members can use their points for return Reward Seats for up to four family members to a selection of hundreds of international holiday locations.

Velocity Frequent Flyer may also add benefits for family members or run specials from time to time. You can compare more family benefits of the Velocity Frequent Flyer program with our guide.

While Velocity Frequent Flyer credit cards can be a smart way to pick up frequent flyer points on your everyday purchases, there are many options to choose from on the market. As they all come with different costs, earn rates and rewards potential, it’s important to compare these cards to make sure you will get the most value for your money before you apply.

Back to top

Frequently asked questions

How long are Velocity points valid?

As of 1 June 2016, Velocity Points will not expire as long as you earn or redeem them at least once every 24 months. Note that previously the expiry period was 36 months and any points earned from eligible activity prior to 1 June 2016 will not expire for 36 months.

Can you claim missing Velocity point?

Yes. You can use the claim form on the Velocity website to file a claim for missing Velocity Points. All you have to is log into your account and select Claim Missing Points. You will have up to six months to claim your points with Virgin Australia, V Australia, Pacific Blue, Polynesian Blue and other partner flights. For accommodation, car hire and other partner companies, you only have three months to make your claim.

Will the Velocity program benefit my family?

Virgin Australia has added a number of family benefits for its frequent flyers. One such benefit is the ability to pool points together as a family to afford rewards earlier.

What is considered an eligible purchase?

Most everyday purchases will earn points on your card. However, eligible purchases generally exclude cash advances, balance transfers, gambling transactions and government purchases.

Do Velocity Points expire?

No, Velocity Points don’t expire. This means that you can save up your Velocity Points for as long as you need if you have a large reward in mind.

Pictures: Shutterstock.

Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

38 Responses to Velocity Frequent Flyer Rewards Program Credit Cards

  1. Default Gravatar
    brody | October 10, 2016


    I’m looking for a new credit card and not sure where to start.

    i travel with Virgin for work and catch approximately 20 flights per year.

    Expenses on the credit card would be 10k-20k per year.

    Any suggestions or advice would be appreciated. Velocity flyer card is what i was looking at.

    All repayments are made before due dates so interest inst an issue.


    • Staff
      May | October 10, 2016

      Hi Brody,

      Thank you for your inquiry. As is a comparison website, I’m afraid we can’t recommend one specific card to you.

      Nonetheless, if you are interested in applying for a credit card that would let you earn Velocity points, you may compare the credit cards listed above. Please review the criteria by clicking the name of the card and once you’ve found a card you’re eligible for and you want to apply for, you can click “Go to Site” to head over to the card issuer’s website.


  2. Default Gravatar
    Ivan | June 11, 2016

    Can I transfer my qantas frequent flier points to velocity points

    • Staff
      Anndy | June 13, 2016

      Hi Ivan,

      Thanks for your comment.

      Unfortunately, you can’t transfer your Qantas frequent flyer points to Velocity points. However, you can redeem Qantas points for flight rewards, travel perks and merchandise on the Qantas Store


  3. Default Gravatar
    Simon | September 7, 2015

    Application for credit cards that have a minimum annual income of $50,000

    however, am only currently working part time by choice so that criteria in not achievable just yet. Is this factored into the application or is it very black and white that the minimum annual income must be met.

    • Staff
      Jonathan | September 7, 2015

      Hi Simon, thanks for your inquiry!

      Unfortunately the minimum annual income is an application requirement and requires supporting documentation. You may like to compare low interest rate credit cards on this page, which have lower minimum income requirements.



  4. Default Gravatar
    Macca9988 | August 29, 2015

    Do you gain status credits on your companion fares purchased on your credit card? Visa Virgin money cards and AMEX platinum velocity card companion to business ? Also the free flight on offer on the AMEX do you gain status credits?

    • Staff
      Jonathan | September 1, 2015

      Hi Macca9988, thanks for your inquiry!

      Companion membership fares will earn status credits to your account if Family Pooling is activated. Family Pooling allows you to group your family members’ Points or Points and Status Credits into one Account. Discount Economy fares/ Saver fares are ineligible for earning status credits. As a result the free flight would not qualify for this credits earning.

      I hope this helps.



  5. Default Gravatar
    Darren | July 12, 2015

    I am looking at applying for a Velocity Escape Card but special offer of 15,000 points is for those applying before 30 June will those points be credited to me in good faith if I apply today?

    • Staff
      Sally | July 13, 2015

      Hi Darren,

      Thanks for your question.

      If the 15,000 bonus points are only available to new applicants who apply before 30 June, then you will not receive the bonus points if you apply after that date.

      I hope this has answered your question.



  6. Default Gravatar
    sandra | July 6, 2015

    With A Virgin Credit Card how do they go world wide is it recognised in a lot of countries?

    Also when they say “balance transfer” can you please explain a little further to help me understand which card is better for me?

    • Staff
      Sally | July 7, 2015

      Hi Sandra,

      Thanks for your question.

      Depending on which of the Velocity Frequent Flyer Rewards credit cards you choose, the card will either be a Visa, MasterCard or American Express. As each of these credit card types are widely accepted around the world, you will be able to use your card and access your funds internationally.

      Velocity rewards credit cards can also be used to earn and redeem points with Virgin Airways and their international airline partners, allowing you to earn and use the rewards points you receive on your card internationally.

      A balance transfer refers to the process of transferring a balance from an existing account to a new credit card account with another credit card company. Balance transfers are usually done to move your balance to a card with a lower interest rate in an attempt to better manage existing debt.

      If a balance transfer sounds of interest, you may wish to compare some of your credit card options here.

      I hope this has helped.



  7. Default Gravatar
    Tuck | June 24, 2015

    I have recently started using the velocity frequent flyer card and have notched up a few points but as my permanent card crossed in the post was unable to claim the points on a recent flight. I attempted to add my points for the flight which was about just over 2 weeks ago. When the add lost points page comes up it keeps telling me there is an error. In tried to ring but was told I would have a considerable wait, I tried the contact us page on the velocity web site that will not download the form so this is the only way I can contact you, please let me know how I can sort this out..

    • Staff
      Sally | June 24, 2015

      Hi Tuck,

      Thanks for your question.

      Just to confirm, you have come through to, not Velocity.

      As stated on the Velocity Frequent Flyer website, you can claim points for travel completed on Virgin Australia or with Virgin’s airline partners up to 30 days prior to joining Velocity Frequent Flyer.

      To claim your missing points, you will need to email your Velocity membership number and a copy of your electronic ticket and boarding pass to Velocity. I’ve emailed you their email address directly.

      If your claim is successful, your points will be credited to your account between two and six weeks of submission.

      I hope this has answered your question.



  8. Default Gravatar
    Margot | May 26, 2015

    How many points needed for a flight from Hobart to Melbourne, one way?

    • Staff
      Jonathan | May 27, 2015

      Hi Margot, thanks for your inquiry!

      Please refer to the link I have sent to your email for the Velocity points calculator to calculate the number of points needed for your trip.



  9. Default Gravatar
    | March 5, 2015

    Is there a credit card in Australia other than AMEX to accrue Star Alliance points

    • Staff
      Jonathan | March 5, 2015

      Hi Robert, thanks for your inquiry!

      Membership to Star Alliance allows you to redeem points with an eligible Frequent Flyers membership to other airlines in the alliance. As long as your credit card can earn points with an eligible airline you will effectively earn points with Star Alliance.



  10. Default Gravatar
    Synth | December 17, 2014

    What is the best credit card for points conversion to velocity FF points? I have heard of some that give up to 3 points per $ spent on the card.

    • Staff
      Elizabeth | December 17, 2014

      Hi Snyth,

      Thanks for your question.

      You can use the comparison table on this page to see the cards that have the highest earn rate. By clicking the title ‘points per $1 spent’ it will filter the results to show you the cards that earn you the most points. Some of these cards also offer you bonus points, and higher earn rates for making certain types of purchases, so it will help to read through the reviews.

      I hope this has helped.



Credit Cards Comparison

Rates last updated October 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question